Gold, silver prices marginally up on renewed demand

Shrugging off weak global cues, gold posted a modest gain at the domestic bullion market today on the back of mild retail buying at existing levels coupled with seasonal off-take.
The price of silver also rose owing to increased industrial demand.
Standard gold (99.5 purity) moved up by Rs 55 to end at Rs 25,510 per 10 grams from Wednesday's closing level of Rs 25,455.
Pure gold (99.9 purity) edged higher by Rs 60 to finish at Rs 25,660 per 10 grams as against Rs 25,600.
Silver (.999 fineness) rose by Rs 390 to settle at Rs 35,750 per kg compared to Rs 35,360 previously.

In worldwide trade, the yellow metal plummeted sharply to a 4-1/2 year low following strong US monthly jobs report as well as expectations that the Federal Reserve could raise interest rates sooner rather than expected.
Spot gold was bid lower at USD 1,140.06 an ounce during the European morning trade, while silver was bid at USD 15.06 an ounce.